You’ve been dating for years. You and your partner have traveled abroad, moved into the same apartment, and even spent the holidays with each other’s parents. You know it’s time to get down on one knee and put a ring on it, but have you thought about how much that ring could cost?\nIt’s an important task to complete. Budgeting and finances are a huge part of any marriage, let alone a stable relationship. Many couples don’t consider the cost of diamond engagement rings or wedding bands as part of their total wedding budget, but in reality, anything you purchase towards your wedding should count towards the overall budget. \n\nHow Much Are Wedding Rings?\n\nThere’s no one-size-fits-all answer, but wedding rings, especially engagement rings, are more expensive than they should be. As we discussed before on our blog, the perceived value of diamond rings was fabricated by De Beers in their extremely successful “Diamonds Are Forever” campaign. The value of diamonds was entertainingly explored and debunked in the premiere episode of Adam Ruins Everything .\nBut maybe you’re not in the mood for a cheeky history lesson and want some quick numbers. No problem — here’s what kind of price tag you can expect if you go for traditional wedding rings.\n\n- According to The Knot, the average cost of an engagement ring is a staggering $5,700 . - The average cost for a woman’s engagement ring and wedding band is around $6,100, meaning most women’s wedding bands cost around $400 . - Similarly, the average cost for a men’s wedding band is around $470 .\nSeem like a lot of money? You’re absolutely correct. However, more young couples are bucking the trend of the expensive wedding and engagement ring double-whammy and choosing instead to invest money in paying off debts or saving for a home. Why, you ask?\n\nOther Engagement Ring Cost Factors\n\nThere are lots of other factors into why diamond engagement rings are so expensive, though. Some are put together by the GIA, or the Gemstone Institute of America, which outline what’s commonly referred to as the 4-Cs of diamond quality. These factors - color, cut, clarity and carat weight - all work together to paint a larger picture of the perfect diamond. The better any of the factors on the scale, the more expensive the diamond (and the better it looks to the naked eye!). Of course, this also impacts your wedding ring decisions, as well. When deciding how to pick a wedding band, it’s important to choose something that goes well with the engagement ring you have, but if you’re not careful, you can easily spend thousands on a wedding band that you didn’t need to.\n\nWedding Ring Cost Is Related to the Success of Your Marriage\n\nThis may seem like a bold statement, so we brought receipts. As we’ve established, the high price of an engagement ring is manufactured by the diamond industry. That doesn’t mean grooms-to-be and partners popping the question don’t feel the pressure to come prepared with a showstopping diamond out of their price range. \nHowever, this high cost doesn’t translate to marital bliss. A recent study by Andrew Francis-Tan and Hugo M. Mialon used data collected from over 3,000 adults in the U.S. and found a correlation between ring price and the longevity of a marriage. \nSpecifically, the research showed that couples who spend between $500 and $2000 on wedding rings are 30% less likely to get divorced than couples that spend more than $2000. A diamond isn’t forever, especially if you spend a fortune which is an important factor to consider for the cost of wedding band. \nInstead, put that money somewhere else, like those pesky student loans, or even towards your honeymoon. \n\nHow Much to Spend on a Wedding Ring: Less Is More\n\nWhy do people feel so much pressure to spend the oft-quoted two months’ salary on an engagement ring? “Wedding industry advertising has fueled the norm that spending large amounts on the engagement ring and wedding is an indication of commitment,” says Mialon in the study analysis. However, there is a cultural shift happening. De Beers’ diamond sales dropped 39% this year , a sobering reminder that supply is high, and demand is lowering.\n\nMany couples are turning to non-traditional stones for engagement rings to save costs and craft a more meaningful memento. Popular gemstone alternatives include amethyst, white opal, pearl, sapphire, and moonstone. Couples are choosing other diamond alternatives as well, instead going for cubic zirconia - a popular lab-grown diamond alternative - or even a clear sapphire instead of blue or pink ones. Not everyone is in the best financial situation to afford the high price tag of traditional metal wedding bands. Luckily, there are some alternatives out there that will really make a difference in your average spend but won’t sacrifice any high-quality features. \nLower Costs and Flex Your Style With QALO Silicone Rings\nIf you want to reduce stress and enter into a marriage focused on commitment instead of Instagram-ready excess, you can save a thousand dollars or more on your wedding bands by opting for QALO silicone wedding rings while still with a fantastic ring style. \nSave money and showcase your unique personality with our variety of stylish designs. Our durable and dependable silicone rings will get you through any adventure. If you accidentally leave behind your QALO ring in the honeymoon suite, your wallet won’t take a hit. Just replace it with another one of our affordable and customizable wedding bands. However, we should take a moment or two to highlight our lifetime warranty, which allows you to replace your wedding band once free of charge. No matter how or why you need a replacement, we’ll send it to you, no questions asked! \nDisplay your enduring commitment to your significant other without getting bogged down in credit card debt by opting for one of the latest styles of our silicone wedding bands. Avoid an unnecessary trip to the jewelry store and instead use our online ring size chart to find your perfect fit. We have a variety of silicone wedding bands for women that come in a multitude of styles perfect for everyone’s style. We even have metallic options that mirror the looks of modern rose gold, traditional yellow gold and even white gold wedding bands! They’re perfect for those who are looking for a traditional band style but don’t want to break the bank on a metal or diamond wedding band.